Investors Cheery Over Profit News

Summary


NEW YORK (AP) - Stocks jumped Friday following a better-than- expected rise in profits at Research in Motion Ltd. and on word that Merrill Lynch may have lined up a big cash infusion from a Singapore fund.

The Dow Jones industrial average capped a volatile week with a gain of more than 200 points and, along with the other major indexes, posted an increase of more than 1.5 percent.

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Extract


Investors Cheery Over Profit News

The announcements came as the New York Stock Exchange set a record for volume in the first half hour and hour of trading during what is known as "quadruple witching." It marks the simultaneous expiration of contracts for stock index futures, stock index options, stoc...

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